US Metropolitan Areas Ranked by Concentration of Venture Capital

Top 20 Metros for Venture Capital Activity per 100,000 People
Rank Metro Investment Deals
1 San Jose-Sunnyvale-Santa Clara, CA $216.9 22.6
2 San Francisco-Oakland-Fremont, CA $159.1 17.2
3 Boulder, CO $86.9 13.6
4 Boston-Cambridge-Quincy, MA-NH $68.1 9.0
5 Santa Barbara-Santa Maria-Goleta, CA $59.1 3.3
6 Lawrence, KS $40.8 5.4
7 San Diego-Carlsbad-San Marcos, CA $36.6 3.3
8 Austin-Round Rock, TX $36.5 5.1
9 Provo-Orem, UT $30.7 2.7
10 Seattle-Tacoma-Bellevue, WA $25.8 3.3
11 Ann Arbor, MI $24.1 6.4
12 Santa Rosa-Petaluma, CA $20.8 1.7
13 Raleigh-Cary, NC $16.3 2.5
14 Fort Collins-Loveland, CO $15.9 1.7
15 Salt Lake City, UT $13.2 2.4
16 Los Angeles-Long Beach-Santa Ana, CA $13.1 1.8
17 San Luis Obispo-Paso Robles, CA $13.0 0.4
18 New York-Northern New Jersey-Long Island, NY-NJ-PA $12.0 2.0
19 Trenton-Ewing, NJ $12.0 1.9
20 Madison, WI $11.5 1.9

Source: High-Tech Challengers to Silicon Valley. By Richard Florida, The Atlantic Cities.

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